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agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …
Persistent link: https://www.econbiz.de/10011324920
besides reducing the agency costs of debt finance also greatly facilitate tacit collusion in product markets. Concentrated or …-proofness), thereby "exporting" collusion through leverage in otherwise competitive downstream product markets. …
Persistent link: https://www.econbiz.de/10011608557
of sustainability of collusion. For the European Commission this assumption is seen as a factor that disincentives … collusion and pushes to a competitive behavior. This fact maybe is not so obvious and I have shown that what is important is the … implement collusion before and after entry as a subgames perfect equilibrium. The final conclusion is that demand growth …
Persistent link: https://www.econbiz.de/10011335729
Allowing firms to cooperate in their R&D is an industrial policy, which has received much attention in recent economics literature. Many of these contributions are based on the seminal analysis of d'Aspremont and Jacquemin (1988). We provide a general version of their model, which encompasses...
Persistent link: https://www.econbiz.de/10011608400
differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous … the market may have contradictory effects on the incentive of firms to collude: it can make collusion easier for bottom …
Persistent link: https://www.econbiz.de/10011662439
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011492383
reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise …
Persistent link: https://www.econbiz.de/10011608616
may remove all managers' short-run gains from deviation making collusion supportable at any discount factor. The results …
Persistent link: https://www.econbiz.de/10011608499
affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze …
Persistent link: https://www.econbiz.de/10010491262
dimension of the fringe such that collusion is a Nash equilibrium of the static game. …
Persistent link: https://www.econbiz.de/10010312265